Nights Watch by Afrikoin

[rjclarke2000]

Lol!

That China PBOC spook was a dime!

I imagine people are saying price is going down because of China, yet, price was always going to go down. It was just a matter of time.

I believe this is the beginning of a trend down to $780, $700, $650, $514, $465.

$700 first then reassess

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

http://www.coindesk.com/two-chinas-biggest-exchanges-stop-bitcoin-withdrawals/

$465 Afrikoin? Surely that would be classed as "The death of Bitcoin". That's not good reading.

[quake313]

Lol!

That China PBOC spook was a dime!

I imagine people are saying price is going down because of China, yet, price was always going to go down. It was just a matter of time.

I believe this is the beginning of a trend down to $780, $700, $650, $514, $465.

$700 first then reassess

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

http://www.coindesk.com/two-chinas-biggest-exchanges-stop-bitcoin-withdrawals/

$465 Afrikoin? Surely that would be classed as "The death of Bitcoin". That's not good reading.

I can not imagine how 465 would not bankrupt miners, even Chinese miners.

[Okurkabinladin]

465 dollars would not bankrupt miners, guys. Even though, I understand, that you use this argument to doubt possibility of price falling to this level.

If it will happen, it will be flash crash with price recovering to atleast six hundreds.

Other possibility is forming of triangle in the coming weeks with bottom around 800. Guess, we shall wait and see.

[Afrikoin]

[Afrikoin]

[Okurkabinladin]

Afrikoin,

if your macroprediction of circa 500 dollars/bitcoin comes true, could you still see realistic possibility of full recovery and reaching new ATH? I am talking about twelve months plus timeframe, obviously.

Losing two thirds of value after cup and handle pattern is obviously worrying as far as future of cryptocurrency is concerned. Cant wait for your input on this.

[Afrikoin]

Afrikoin,

if your macroprediction of circa 500 dollars/bitcoin comes true, could you still see realistic possibility of full recovery and reaching new ATH? I am talking about twelve months plus timeframe, obviously.

Losing two thirds of value after cup and handle pattern is obviously worrying as far as future of cryptocurrency is concerned. Cant wait for your input on this.

yes.

even if we drop to $380 (rising trend line), we'll go back to ATH

I am actually waiting for the lowest low to buy in bulk and ride another wave up.

Bitcoin won't die, just shock people, possible hard fork, panic, panic, sell offs, then recovery.

[Afrikoin]

[Afrikoin]

People are so quick to forget. Only yesterday this chart as made

[Afrikoin]

[Afrikoin]

[Afrikoin]

I am looking at DanV's line in green - large triangle as one possibility

[Afrikoin]

A pattern akin to this

[Afrikoin]

[rjclarke2000]

Well, looking at all those charts and drawings I have no f**king clue what's going on.

Thanks for the input Afrikoin but for me that's clear as mud.

I'm not getting at you, it's probably my lack of intelligence.

[Afrikoin]

LeMogwai on twitter

https://twitter.com/LeMogwai_BTC/status/829739275906347009

looking at $720 if support dont hold

[Afrikoin]

Well, looking at all those charts and drawings I have no f**king clue what's going on.

Thanks for the input Afrikoin but for me that's clear as mud.

I'm not getting at you, it's probably my lack of intelligence.

2 charts show it is possible to make a high and still retreat to unprecedented lows

+ Carl Icahn chart
+ Berkshire hathaway class A shares (this one includes elliott waves counts)

3 charts show forecasts from over abt a year ago (April '16) forecasting an unknown top high (around $1000) and a retrace to a low (estimate). Just says a low somwhere after a top

 DanvS chart #1572 shows multiple plays, how price was expected to move at the time. chart was made in january 16. so you can see all the counts were eliminated apart from the one in green. Green shows we might me contracting within a large triangle pattern. So, 400s to $380 is possible with this forecast

#1569 was a good chart

forecastiing a large 3 wave pattern (ABC). Recent top was B, so a C expected down. Chart was made in June '16

chart #1573 is informed by DanVs chart #1572 green line trend. Chart was made when price was at $750 nov '16

suggests a similar pattern to DanVs



Overall, i think these charts were impressive in forecasting what most people say is impossible.

Worth a look IMO

Last chart #1565 shows possible retrace levels

worth a look too

[Afrikoin]

This one is for the permabulls!

[Afrikoin]

Perhaps the 38.2% fib is a reasonable level for the end of C.

Then a final 5th wave on the higher fractal upto $1100 again?

Wild guess here

good call.

short by $15

said $1100 but we only did $1089 on BTCC

still not bad

[rjclarke2000]

Thanks. Great information as always.